Crown Estate: Wales
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of the Crown Estate publishing the (a) asset value and (b) net revenue profit of the Crown Estate in Wales within its annual accounts.
Answered by James Murray
To achieve efficiency in its operations, the Crown Estate runs many of its functions at a whole enterprise level. As a result, separate financial statements for Wales would not reflect the fact that expenditure is incurred for the benefit of the whole portfolio, and it is not possible to disaggregate net revenue profit attributable to Wales.
The Crown Estate published a Wales Review to supplement the annual report and highlight The Crown Estate’s work in Wales.
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